Currencies35030
Market Cap$ 4.20T-2.18%
24h Spot Volume$ 67.04B+33.7%
DominanceBTC54.23%+1.04%ETH12.36%-1.76%
ETH Gas0.14 Gwei
Cryptorank

Cronos ($CRO) Soars 165% After $6.4B Trump Media Treasury Deal

Cronos ($CRO) Soars 165% After $6.4B Trump Media Treasury Deal
  • Cronos surged 165% in a week, fueled by a $6.4B Trump Media and Crypto.com treasury deal.
  • Price must break $0.3750 for more upside, but a dip under $0.2700 could flip sentiment bearish.
  • Trading volume exploded 2,000% to $2.3B, but long-term sustainability remains in question.

Cronos ($CRO) has suddenly roared back into the spotlight, and it’s not just another casual pump. The token skyrocketed after the unveiling of a $6.4 billion Cronos treasury under the Trump Media Group CRO Strategy—arguably one of the boldest plays we’ve seen in crypto this year.

The treasury, launched through a joint move by Trump Media and Crypto.com, includes $1 billion in CRO tokens, $200 million cash, $220 million in warrants, and a staggering $5 billion credit line. The effect was instant: CRO surged nearly 40% to levels last touched in May 2022, while trading volume spiked an eye-popping 2,000% to $2.3 billion.

At press time, CRO hovers around $0.3743, which marks a stunning 165% gain over the last week—a move that has traders glued to their screens.

CRO Price Action: Bullish Breakout in Motion

Looking at the 4-hour TradingView chart, Cronos is flashing strong bullish signals. The rally ignited with the treasury announcement, sending price shooting up from a long consolidation phase between March 15 and March 26. That period of indecision appears to have set the stage for a clean breakout.

CRO price chart

Now, the pattern shaping up resembles a classic continuation breakout—where consolidation turns into renewed upside momentum. If CRO can hold above the breakout zone near $0.2700, traders may soon spot a flag or pennant formation, which often suggests further upward continuation.

CRO Key Levels to Watch

For bulls, the critical line in the sand is clear: a breakout above $0.3750 could confirm more momentum and open the door to a run into the mid-$0.40s. On the downside, however, slipping back under $0.2700 with volume could spell weakness and a fading of the current hype cycle.

The community remains divided—enthusiasts see this treasury-fueled push as validation of CRO’s potential, while skeptics argue the rally is driven by political branding more than fundamental value. Should that narrative lose steam, Cronos risks giving back a chunk of these explosive gains.

Conclusion

CRO is on fire—posting triple-digit gains in just a week—thanks to the Trump Media $6.4B treasury strategy. The token now sits at a crossroads: either break through key resistance and extend the rally, or stumble if political hype fades. Traders are keeping a close eye on how long the momentum can last.

The post Cronos ($CRO) Soars 165% After $6.4B Trump Media Treasury Deal first appeared on BlockNews.

Read the article at BlockNews

Read More

TRON Outlook: Strong Fundamentals and Bullish Traders Target Higher Levels

TRON Outlook: Strong Fundamentals and Bullish Traders Target Higher Levels

TRON has been quietly building strength, holding above its key support levels while t...
Avalanche Price Forecast 2025: Breakout to $44 on the Horizon?

Avalanche Price Forecast 2025: Breakout to $44 on the Horizon?

Avalanche’s DeFi ecosystem has doubled in size since spring, pushing its total value ...

Cronos ($CRO) Soars 165% After $6.4B Trump Media Treasury Deal

Cronos ($CRO) Soars 165% After $6.4B Trump Media Treasury Deal
  • Cronos surged 165% in a week, fueled by a $6.4B Trump Media and Crypto.com treasury deal.
  • Price must break $0.3750 for more upside, but a dip under $0.2700 could flip sentiment bearish.
  • Trading volume exploded 2,000% to $2.3B, but long-term sustainability remains in question.

Cronos ($CRO) has suddenly roared back into the spotlight, and it’s not just another casual pump. The token skyrocketed after the unveiling of a $6.4 billion Cronos treasury under the Trump Media Group CRO Strategy—arguably one of the boldest plays we’ve seen in crypto this year.

The treasury, launched through a joint move by Trump Media and Crypto.com, includes $1 billion in CRO tokens, $200 million cash, $220 million in warrants, and a staggering $5 billion credit line. The effect was instant: CRO surged nearly 40% to levels last touched in May 2022, while trading volume spiked an eye-popping 2,000% to $2.3 billion.

At press time, CRO hovers around $0.3743, which marks a stunning 165% gain over the last week—a move that has traders glued to their screens.

CRO Price Action: Bullish Breakout in Motion

Looking at the 4-hour TradingView chart, Cronos is flashing strong bullish signals. The rally ignited with the treasury announcement, sending price shooting up from a long consolidation phase between March 15 and March 26. That period of indecision appears to have set the stage for a clean breakout.

CRO price chart

Now, the pattern shaping up resembles a classic continuation breakout—where consolidation turns into renewed upside momentum. If CRO can hold above the breakout zone near $0.2700, traders may soon spot a flag or pennant formation, which often suggests further upward continuation.

CRO Key Levels to Watch

For bulls, the critical line in the sand is clear: a breakout above $0.3750 could confirm more momentum and open the door to a run into the mid-$0.40s. On the downside, however, slipping back under $0.2700 with volume could spell weakness and a fading of the current hype cycle.

The community remains divided—enthusiasts see this treasury-fueled push as validation of CRO’s potential, while skeptics argue the rally is driven by political branding more than fundamental value. Should that narrative lose steam, Cronos risks giving back a chunk of these explosive gains.

Conclusion

CRO is on fire—posting triple-digit gains in just a week—thanks to the Trump Media $6.4B treasury strategy. The token now sits at a crossroads: either break through key resistance and extend the rally, or stumble if political hype fades. Traders are keeping a close eye on how long the momentum can last.

The post Cronos ($CRO) Soars 165% After $6.4B Trump Media Treasury Deal first appeared on BlockNews.

Read the article at BlockNews

Read More

TRON Outlook: Strong Fundamentals and Bullish Traders Target Higher Levels

TRON Outlook: Strong Fundamentals and Bullish Traders Target Higher Levels

TRON has been quietly building strength, holding above its key support levels while t...
Avalanche Price Forecast 2025: Breakout to $44 on the Horizon?

Avalanche Price Forecast 2025: Breakout to $44 on the Horizon?

Avalanche’s DeFi ecosystem has doubled in size since spring, pushing its total value ...